from Raiffeisen International Bank-Holding AG (isin : AT0000606306)
EQS-Adhoc: Raiffeisen Bank International AG: First Quarter Report 2023 – Core revenues and earnings remain strong – FY 2023 ROE guidance increased
EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Quarter Results
Raiffeisen Bank International AG: First Quarter Report 2023 – Core revenues and earnings remain strong – FY 2023 ROE guidance increased
04-May-2023 / 19:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
RBI: First Quarter Report 2023
Core revenues and earnings remain strong – FY 2023 ROE guidance increased
- Net interest income excluding Russia and Belarus stable quarter-on-quarter, while decreasing in Russia and Belarus
- Net fee and commission income excluding Russia and Belarus down 5% quarter-on-quarter, largely due to seasonality, significant decrease in Russia
- Risk costs of EUR 301 million, largely driven by EUR 278 million in Russia and Belarus
- CET1 ratio at 16.0% (transitional, incl. result), excluding Russia 13.7%
- ROE guidance increased on the back of better core revenue expectations
| Income Statement in EUR million | Q1/2023 | Q1/2022 | Q4/2022 |
| Net interest income | 1,385 | 986 | 1,462 |
| Net fee and commission income | 966 | 683 | 1,196 |
| Net trading income and fair value result | 86 | 184 | 192 |
| General administrative expenses | (950) | (792) | (978) |
| Operating result | 1,509 | 1,089 | 1,882 |
| Other result | (96) | (102) | (442) |
| Governmental measures and compulsory contributions | (236) | (159) | (52) |
| Impairment losses on financial assets | (301) | (319) | (228) |
| Profit/loss before tax | 877 | 508 | 1,160 |
| Profit/loss after tax | 700 | 458 | 890 |
| Consolidated profit | 657 | 442 | 826 |
| Balance Sheet in EUR million | 31/3/2023 | 31/12/2022 | |
| Loans to customers | 105,336 | 103,230 | |
| Deposits from customers | 124,776 | 125,099 | |
| Total assets | 210,977 | 207,057 | |
| Total risk-weighted assets (RWA) | 98,592 | 97,680 |
| Bank-specific information | 31/3/2023 | 31/12/2022 | |
| NPE ratio | 1.5% | 1.6% | |
| NPE coverage ratio | 58.2% | 59.0% | |
| CET1 ratio | 16.0% | 16.0% | |
| Total capital ratio | 20.2% | 20.2% |
| Key ratios | Q1/2023 | Q1/2022 | Q4/2022 |
| Net interest margin (average interest-bearing assets) | 2.75% | 2.21% | 2.85% |
| Cost/income ratio | 38.6% | 42.1% | 34.2% |
| Provisioning ratio (average loans to customers) | 0.93% | 0.97% | 0.90% |
| Consolidated return on equity | 15.8% | 13.2% | 24.1% |
| Earnings per share in EUR | 1.92 | 1.27 | 2.44 |
Outlook 2023
| RBI excl. RU/BY | RBI | |
| Net interest income in EUR | 3.6-3.7 bn | 5.3-5.4 bn |
| Net fee and commission income in EUR | around 1.7 bn | 3.2-3.4 bn |
| Loans to customers (growth) | around 2% | ~0% |
| General administrative expenses in EUR | around 3.0 bn | around 3.8 bn |
| Cost/income ratio | 51-53% | 41-43% |
| Impairment losses on financial assets (before use of overlays) | around 60 bps | up to 90 bps |
| Consolidated return on equity | around 10% | around 17% |
| CET1 ratio at year-end 2023 | above 13.5%* | above 16% |
* ‘P/B Zero’ Russia deconsolidation scenario
Any decision on dividends will be based on the capital position of the Group excluding Russia.
Medium term return on equity and payout ratio targets are suspended due to current uncertainties in Eastern Europe.
For further information please contact:
John P. Carlson, CFA
Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43-1-71 707-2089
www.rbinternational.com
End of Inside Information
04-May-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | Raiffeisen Bank International AG |
| Am Stadtpark 9 | |
| A-1030 Vienna | |
| Austria | |
| Phone: | +43-1-71707-2089 |
| Fax: | +43-1-71707-2138 |
| E-mail: | ir@rbinternational.com |
| Internet: | www.rbinternational.com |
| ISIN: | AT0000606306 |
| WKN: | A0D9SU |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1625127 |
| End of Announcement | EQS News Service |
1625127 04-May-2023 CET/CEST